Indo Rama Synthetics (India) Limited has informed the Exchange regarding Cessation of as Non- Executive Independent Director of the company w.e.f. May 17, 2025.
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Mrs. Ranjana Agarwal (DIN 03340032), Non-Executive Independent Women Director of Indo Rama Synthetics, ceased to be on the board with effect from May 17, 2025, due to the completion of her second term as an Independent Director. The cessation has been intimated to NSE and BSE under SEBI LODR Regulation 30. She also serves on the boards of RBL Bank, Indag Rubber, and RBL Finserve, including as Audit Committee Chairperson at RBL Bank. No replacement appointment details have been disclosed in this filing.
This is a routine, pre-scheduled end-of-tenure event for an Independent Director and is unlikely to have any material impact on the company's operations or stock price. Shareholders may want to monitor whether the company appoints a new Independent Director within the timelines required under SEBI rules to maintain board composition compliance.